Crypto struggles to crawl into gambling

Some of the key worries for casino operators is that notwithstanding its popularity, cryptocurrency still appears to be an uncertain thing. Many experts don’t find Bitcoin transactions average seven per second sufficient for Internet gambling, especially considering it faces literally tens of thousands of actions occurring at the same time. Other downsides preventing the fast spread of crypto assets in the gambling world is the volatile nature of digital coins, in particular, Bitcoin.  

BreakerMag dared to intrigue poker and crypto enthusiasts in 2018, by telling that in the authentic repository of the Bitcoin code generated in 2008 there’re scraps that can be interpreted as the building blocks for the user interface of a poker game. However, the very purpose of the code is still unknown. It can be partly explained by the mysterious nature of Satoshi Nakamoto’s invention. Nevertheless, it’s a sign that gambling and blockchain can potentially get along.

Poker players and digital coins

Notwithstanding the lack of enthusiasm for digital coins among gambling operators, a lot of poker players have a different view on the subject. Among them, we can mention Phil Ivey who turns out to be a key expert of an Ethereum-based poker startup. Other well-known staff members include Brian Rast and Daniel Colman. Their project makes use of blockchain for protecting users’ money.

Conclusion

It feels like the blockchain technology has a long way to the top. It hasn’t become mainstream in the gambling industry yet, although there’s such a likelihood. Notwithstanding its indisputable advantages, the given technology has a number of serious downsides that make casino providers worry.

Despite all barriers on its way, blockchain is persistently making its way to the gambling world. If the majority of well-known gamblers make use of it, then there will be grounds to apply it to casino game products. You can observe how blockchain gets along with gambling if you stick with best canadian slots.

We should realize that the gambling industry is quite conservative. However, at the same time, this sphere actively implements innovations at a surprising pace. For example, the latest implemented innovations include AI, RFID, AR/VR – currently deployed by all key online and land-based gambling operators. After all, a blockchain-based poker project gives a hope that sooner or later crypto will settle down firmly in the gambling industry.

Author: Jeanne Stevens